Carl, thank you for your reply. I'm not trying to play semantics, though, merely trying to clarify what sounds ambiguous to me.
I don't understand why you emphasized the "label" part. The question I'm raising is about the other part of that sentence, "secured by your main home". Since a lien against a property/part thereof exists, it seems that would mean that the loan is in fact secured by it. But since it's ambiguous I was trying to clarify. If anything, the label part would seem to argue that it does not matter whether the loan is called a personal loan or whatever else, as long as it is secured, hence the question above. Or did I misunderstand your reply?
